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more time at what is being discussed now. mitch mcconnell and joe biden talked into the wee hours until 12:30 last night and 6:30 this morning. $450,000 as the threshold for couples, $400,000 for individuals over which your taxes would go up about four percentage points. estate tax compromise. this is something democrats want as well because the estate tax is due to zoom up to 55% on estates more than $1 million if they're passed and nobody wants to see that happen. they are trying to work on a compromise. unemployment, insurance benefits. obviously something urgent for millions of people collecting and the long-term unemployed who have been unemployed for quite sometime. delaying that sequester. this is what i'm talking about. they're talking about delaying it perhaps three months. this is the ultimate kicking the can down the road. remember the sequester is what got us to this point to begin with. it was supposed to be trigger, the guiotine hanging over the necks of the members of congress to git them to do something by tonight. we only have about 13 more hours. one more thing to show
. it is up to the senate to do something. you have senate minority leader mitch mcconnell, the republican saying it is up to the democrats to do something. we'll not do anything until president obama and the democrats come up with a plan and president obama actually late yesterday did call all four leaders, majority, minority leaders in the house and senate that includes mitch mcconnell and said the first time a democrat called him since thanksgiving to talk about this. so they're talking but there is no indication anybody is actually doing anything right now. gregg: what about harry reid? what's his, does he have anything at all maybe towards the end of the week he will put on the table? i've been hearing he will put to a vote an extension of the bush tax cuts for anybody making under $250,000 a year, extend unemployment benefits for some 2 million people that are about to lose them. what are you hearing? >> right. he sounded pretty pessimistic this morning but that could change and there's, kind of a fight, procedurally between the house and the senate in a sense that if reid originates
parties. from the democrat-controlled senate, top democrat harry reid, and the top republican mitch mcconnell. senator reid says there is no time to reach a deal. mr. mcconnell says he is more optimistic. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's previous offers and the morse -- most senior democrat in the house, nancy pelosi. what is the cliff and can be avoided? >> the house of representatives will be going back into session sunday but at this point we do not know what kind of measure they have before them that they can consider for a vote. there has been no indication from the white house or the republican leadership that they are anywhere near any kind of makings of a deal that they could present to the house republican leadership -- or the house republican rank-and-file who so far have been adamantly opposed to tax increases at any level of income, which is an absolute prerequisite for president obama. if they do not come to some kind of agreement, but that tax to be voted on -- and there is doub
. >> the sad part is you often seen the floor opened that way. mitch mcconnell being later today. i'm sure we'll hear something later. to hear it two days after christmas and a matter of days before we go through the fiscal cliff, obviously not encouraging. harry reid says time is running hout. he doesn't know if they could go through the legislative hurdles. if they have the votes around here, they can legislate the sky is green and the grass is blue. that's not an issue. what harry reid is really saying is mitch mcconnell, get on board, don't try to filibuster. of course they're talking about a bill that had raise capital on couples making more than $250,000 a year, and do a few other nuts and bolts that are deemed the bare minimum that the president wants to see done before we hit january 1st. i've got to tell you, though, getting back to the votes, the votes simply aren't there in the house of representatives for that. they're likely not even there in the senate, so we're back at square one, amazing as it is to say at this point, thomas. >> when we talk about what we know about the presid
to senate minority leader mitch mcconnell. >> we had a good meeting down at the white house. engaged in discussions in the hopes we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> and the senate is set to reconvene sunday at 1:00 eastern time. the house also expected to be in session on sunday. they'll start at 2:00 eastern time with the first votes coming at 6:30. let's head up to capitol hill. mike viqueira is there. so what? even if they reach a deal today or tomorrow? do we have time to get this dup? >> i think so, t.j. if they sign off from everybody in the senate. if everybody stands up, no & nobody objects. they call it unanimous consent around here. they can wave their hansory anything. badda bing, badda boom. it's out of here. you look at senate leaders on the floor, and you ask what the heck took so long? the first senate session since 1995 to fall during the holiday week. known all along the fiscal cliff is looming, yet the deadline spurs action. not a done deal. still a c
the focus shifts to the senate. senate majority leader harry reid, minority leader mitch mcconnell will have to try to hammer out some sort of a compromise to avoid going over the cliff, but as you pointed out in your introduction, a lot of senators over the weekend expressed concern that, in fact, we will go over the fiscal cliff. of course, if is that happens, the economy could eventually slip back into recession. one interesting point, thomas, though, last time that members of congress worked between christmas and new year's was 1996. that was during the government shutdown. this is really a rare occurrence for members of congress to have to come back and work out legislation that they went able to get done before the christmas holiday. >> the president is supposed to stay there for how long? >> well, of course, the white house not really giving us specifics about the president's travel plans at this point in time. the reality is i think the president is himself trying to figure out what he is going to do, but we do expect that he will cut his vacation short. you've heard the president hi
, it will come down to those pesky details. vice president joe biden and senate minority leader mitch mcconnell the republican leader have been the key figures in these negotiations after talks stalled over the weekend between mcconnell and senate majority leader harry reid. mcconnell says he and the vice president spoke last night at 12:45, again at 6:30 this morning. mcconnell explained why he reached out to his former senate colleague mr. biden. >> i also placed a call to the vice president to see if he could help jump start the negotiations on his side. the vice president and i have worked together on solutions before, and i believe we can again. >> obviously we were watching to see what the senate does at this hour, what is said at this point i'm hearing it sound like 2:00 eastern time may be another critical time, when they may run by their members, the republicans and the democrats, the latest on those talks, and if there is a deal the details of the deal, jon. jon: we just had senate majority leader read making some remarks from the microphone, perhaps i'll get to word from the control
. >> what are you hearing in regard to the fiscal cliff? >> mitch mcconnell has been in negotiations with vice president joe biden. we know they spoke at least twice over night. the last conversation we are aware of was about 6:45 this morning. we don't know the status of those talks. we don't know whether they are its senate offers back or fourth. leaders of both parties have said little this morning. senate majority agree -- leader harry reid came to the floor and did not have much of an update. if there is is going to be a deal today, it will be between mr. mcconnell and mr. biden. there is little in the way of ongoing conversation between mr. reed and mr. mcca mcconnell. >> what about the mechanics of any deal if there is an agreement at least in the senate -- how quickly can come to the floor and how likely is it we can see action on the house floor later today or tonight or tomorrow? >> it becomes tricky. we know what the allies of any deal would be. they have been bandied around for about two years. translating the outline of the deal in legislative language is difficult and t
progress came out of the senate leader mitch mcconnell's meeting with vice president joe biden. >> we've been asking you, our viewers, to send in your thoughts, your messages to elected representatives. so let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest stories of the year around the world, in crime, money, weather and even the biggestscandals and later this hour, those stories chosen by you. anchor of state of the union, candy crowley, with the top ten political stories of 2012. >>> like finding your favorite grain of sand on the beach. impossible number of p
of in the works between harry reid and mitch mcconnell, maybe it's not voted on until monday, maybe no deal at all. maybe sequestration is going to happen so for that let's go to washington. >> juliet: all right. tick-tock, tick-tock, time is almost up for lawmakers as we say to avert the fiscal cliff. they worked throughout the weekend in hopes of hammering out some sort of deal. >> dave: peter doocy is live in washington and we hustle you over to the capitol. and what is the latest, do you think we'll get something done? >> reporter: dave, we were told late in the evening that legislative staff was going to work through the night, but the only principal we heard from was mitch mcconnell who said he and his democratic counterparts have been trading paper all day saturday, but the only big news, mcconnell cared to share with us, in the state he represents, kentucky, louisville beat the university of kentucky by three and meanwhile, the officially republican weekly address features another republican senator explaining once again why a deal before monday night's deadline is so important. >> at a ti
to reconvene on sunday. both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upped what he was willing to tax. he wants taxes. originally saying on incomes of 250,000 and up. then he went to 400,000. what kind of compromise do we need from both side to get a deal done so that i don't have to keep bori
of that stopgap, scaled down version. in fact, mitch mcconnell himself said in the hallway, just moments ago, that he does expect to go to the white house, as jessica just alluded to. he expects to do that tomorrow. they haven't gotten a formal invitation tomorrow. there's no time set for this meeting tomorrow, but mitch mcconnell says he does expect to go. and so that really does speak to the next move, tomorrow. >> well, that is good news. that is good news, senator mcconnell going to the white house tomorrow, hopefully. but i'm going to ask you about the house of representatives, dana. right now they've been called back to washington, not until sunday, december 30th. now, 48 hours before the fiscal cliff goes over, is that really enough time to get legislation passed, if there's a real deal on the table? >> reporter: is it enough time? probably. if there's really something that is going to pass the senate, and this is a big if, as jessica said, the oddsmakers are definitely seeing the fiscal cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be
whether mitch mcconnell wants to play a role because he has a campaign coming in 2014. for some people on the far right, the idea that mitch mcconnell would make a deal with obama could be acceptable. you have 10 or more republican senators who say they are willing to do business with president obama in terms of approving an increase in the marginal tax rates. if that is the case, if you could get them to pass some kind of bill and then send it on to the house, and all boehner said was i will allow a vote, and you have democrats and some republicans feeling pressure joining in, you could get a bill done. host: rick is from massachusetts on our independent line. caller: good morning. i have a problem with the president. he is the most divisive individual who has come to power in this country for a long time. he completely denied his white relatives and blames all the problems on white men by buying the votes of the lower earners in this country by saying it is not your fault. he promised to bring this country to gather. what happened? guest: i am surprised. upper income people voted for
as mitch mcconnell brokered a deal finally to resolve that hammer against your head torture that republicans were suffering along with the country during the fiscal cliff deal in 2011, that same thing is going to happen if we go over the cliff. republicans don't want to sustain anymore damage to their brand. they've been under water in our nbc/wall street journal poll six straight years and pay a price for that. >> john harwood, thank you for your reporting from washington. >>> after the break, there have been dozens of gun-related deaths since the sandy hook massacre and the nra is still doubling down on its plan to add more guns to schools. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call me crazy. >> that's the wrong debate to have if you want to talk about protecting our children. >> well, this time the nra's remarks could actually be a good thing for more gun regulation. we'll explain why next on "now." [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really
stop him from being reelected. host: what are the pitfalls for harry reid and mitch mcconnell? guest: mcconnell is up for reelection in 2014. if he agrees with the white house on something, particularly tax increases, it will hurt him in his election. remember rand paul -- mcconnell has less room to maneuver. for harry reid, a lot of his reputation is on the line. can he put something on the floor of the senate that some democrats will support? guest: the biggest loser is the unemployed and those trying to get jobs. that is what this is about. really, people need to step back and realize, while we are concerned about deficits, it is because it is a concern about the economy. there are different prescriptions for the economy at different times. allowing this recovery to slow down, even as it has already been anemic, would be a drastic abdication of responsibility by everybody in washington. that is not to say that everybody is equal to blame and this is something that washington does and be covered along -- that really is not always the case. in this specific case, you have our recove
this morning. that's what the weather was like when mitch mcconnell came to work to try to reach a deal. if he can't forge a deal with democrats, here's what's at stake. let's look first of all at what's involved in talks. at the top of that list, tax rates. if we go over the fiscal cliff, tax rates will go up 9% to 33% for most all americans. that would also mean havoc for payroll companies and the irs that would have to struggle with how to handle withholding starting on january 1st. also unemployment benefits, those actually ran out today. that's something that republicans and democrats, we understand, are talking about right now. what else is at stake in the fiscal cliff? let's look at some other issues, things that we're not sure will be in a deal that comes out this week. at the top of that list, government spending cuts. that's about 8% to 10% in cuts to most every federal agency. also a pay cut for medicare doctors of 27% that would hit after january 1st. finally, don, there are a slew of other tax hikes. the alternative minimum tax is one that people talk about. the estate tax. these
was different. beautiful snowfall hit the weather this morning. that's what the weather was like when mitch mcconnell came to work to try to reach a deal. if he can't forge a deal with democrats, here's what's at stake. let's look first of all at what's involved in talks. at the top of that list, tax rates. if we go over the fiscal cliff, tax rates will go up 9% to 33% for most all americans. that would also mean havoc for payroll companies and the irs that would have tro stro struggh how to handle withholding starting on january 1st. also unemployment benefits, those actually ran out today. that's something that republicans and democrats, we understand, are talking about right now. what else is at stake in the fiscal cliff? let's look at some other issues, things that we're not sure will be in a deal that comes out this week. at the top of that list, government spending cuts. that's about 8% to 10% in cuts to most every federal agency. also a pay cut for medicare doctors of 27% that would hit after january 1st. finally, don, there are a slew of other tax hikes. the alternative minimum tax is one tha
for it, if mitch mcconnell makes it happen, then republican in the house would see that there's a bipartisan deal on the table, and they would not likely turn it down. that is to say the leadership would put it on the floor. it would pass with many democratic votes, not a majority of republican votes, but a significant number of them, and john boehner would likely having been jammed by his own membership on plan b would probably not block that. at least that's the calculation and the hope by those negotiating this deal. >> john, this is one of those moments where everyone's scratching their heads and wondering why this is always so difficult. why is deal-making such a laborious process in congress. you make the point that it's been building up the last generation or so. >> it has been, and it's gotten to a point now where you have the ideological divisions overlapped with the partisan ones. you have a conservative republican party, liberal democratic party, and the patterns of opposition, a permanent warfare between the two make it very difficult to surmount those divisions. a
states senate, the honorable mitch mcconnell. [applause] >> today we honor a man not just for being one of the great sportsman of all times, but for being one of the great philanthropists of our time. everyone knows of arnold palmer's exploits on the golf course. you are now aware because others have mentioned it, of his personal generosity of the course. he not only transformed the game of golf, he transformed lives. donating his time and his resources over the years to literally countless good causes. arnold palmer has served as honorary national chairman of the march of dimes. he founded two cancer treatment centers, and he founded the arnold palmer medical center in orlando, home of the arnold palmer hospital for children, and the winnie palmer hospital for children -- for women and babies. this is a man who captured the imagination of the american people. he won his first major tournament at the age of 28. the other part is worth retelling, too. it begins at the agusta national golf course in 1958. that year, soldiers from a nearby army base were granted free admission and recruite
, mitch mcconnell have made it clear, you want $1 trillion of more debt ceiling, because that's what the president is running, $1 trillion more debts, you have to cut it at the same time. they won it a year ago. they'll win it in the future. this is a long fight. it's four years of a fight. it's not one week of a fight. to your earlier question, does the president want to take us over the cliff? i think now he does. the reason is he needs an excuse for the next four years of failure. blaming it on bush doesn't work very much. the regulations and spending he's put on the economy for the next four years is going to put us in recession regardless of the fiscal cliff. >> to be fair, i'm told there are a number of republicans, especially in the house, who want to go over the cliff for the reason i explained, that they'd much rather vote for a tax cut than a tax increase because they don't want to break your pledge. grover, thank you very much. appreciate it. >> no one should break their pledge. >> merry christmas. thank you, grover. >> merry christmas to you. >> ahead on "starting point,"
. success depends partly on whether mitch mcconnell decides to filibuster any legislation. there is senate republicans who are willing to compromise in order to avoid the fiscal cliff. including kay bailey hutchison of texas and johnny isakson of georgia. >> time is running out. and the truth of the matter is, if we do fall off the cliff after the president's maturitied, he'll come back, propose just what he proposed yesterday in leaving washington and we'll end up adopting it. why should we put the markets mn such turmoil and the people in misunderstanding or lack of confidence? why don't we go ahead and act now? >> the president is insisting tacks go up for the wealthy, but he's now scaled back his expectations for the rest of the year focusing only on a middle class tax cut and extended unemployment benefits. he said he still thinks some kind of deal can be reached, but that optimism is not shared by everyone. >> in the aftermath of the house republicans rejecting speaker boehner's so-called plan b, it's the first time that i feel it's more likely that we will go over the cliff than not
Search Results 0 to 24 of about 25 (some duplicates have been removed)